Currency Forecast

Last week marked a significant turning point for the US dollar. For the first time since Jerome Powell became chair of the Federal Reserve, the central bank is thinking about easing. The US dollar was...

Kathy Lien, Managing Director Of FX Strategy For BK Asset ManagementDaily FX Market Roundup June 21, 2019Investors continued to dump the dollar, driving all of the major currencies higher in the...

Kathy Lien, Managing Director Of FX Strategy For BK Asset ManagementDaily FX Market Roundup June 20, 2019The last 24 hours has been brutal for the U.S. dollar. The greenback dropped to its lowest...

The Bank of Japan, as expected, announced overnight it will hold monetary policy steady. This came after the ECB's statement last month that it has a lot of ammunition left in its arsenal, effectively...

Canada MAY CPI M/M: +0.4% vs. +0.1%e; Y/Y: +2.4% vs. +2.1%eCPI Core- Median Y/Y: +2.1% vs. +1.9%e CPI Core- Common Y/Y: +1.8% vs. +1.9%e CPI Core- Trim Y/Y: +2.3% vs. +2.1%e (highest since Feb....

Kathy Lien, Managing Director Of FX Strategy For BK Asset ManagementDaily FX Market Roundup June 18, 2019The June Federal Reserve meeting is the most important event of the month. Central bank rate...

Kathy Lien, Managing Director Of FX Strategy For BK Asset ManagementDaily FX Market Roundup June 14, 2019This has been a great week for the US dollar and the US retail sales report was the icing on...

Kathy Lien, Managing Director Of FX Strategy For BK Asset ManagementDaily FX Market Roundup June 13, 2019Friday’s U.S retail sales report is one of the most important pieces of data on this...

The Canadian dollar slipped 0.12 percent on Tuesday after the market tried to scale back probabilities of multiple rate cuts in 2019 by the U.S. Federal Reserve. Trade war concerns also rose as the...

Near the end of April we flagged that NZD/CAD could be on the verge of a major breakdown. Recent price action remains constructive of that view. Unsurprisingly, commodity currencies have felt the...

The Mexican peso jumped by more than 2% on the news the country has escaped President Donald Trump’s tariffs after capitulating to U.S. border policies. A key aspect of the deal is...

A slight thaw in trade tensions and a minor rebound has seen the CAD strengthen, yet with several crosses pointing to CAD strength, perhaps this could have some follow-through. If a single currency is...

The strongest gusts in today’s market headwinds are coming from U.S. President Donald Trump’s plan to hit Mexico with tariffs, after he said that country's efforts to mitigate the flow of...

Kathy Lien, Managing Director Of FX Strategy For BK Asset ManagementDaily FX Market Roundup June 5, 2019Thursday's European Central Bank monetary policy announcement will be a big one. EUR/USD rallied...